I just watched a few Corvette sales early in the auction and on Sunday. Early a 67 coupe 327 automatic that looked good on stage went for only $38k, a 67 427/390 coupe for $67k and a really good looking yellow 66 427/425 convertible for $70k. It looked like the age of the potential buyers was dragging down the prices. On Sunday, I was astonished that sellers of two 67 427/435 coupes turned down bids of $300k and a bid of $200k was turned down for a 67 427/435 convertible. Do you think that these were just dealers playing games with the value statistics? Is a Bloomington Gold 67 427/435 Coupe really worth more than $300k with a great restoration but no special provenance?
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Re: Mecum Auction
Mecum is notorious for chandelier bids on cars with a reserve, the house runs up the bids without real bidders near reserve to see if someone bites. I suspect the 2 you mention are that, no real money was turned down as "The Bid Goes On".Big Tanks In the High Mountains of New Mexico -
Re: Mecum Auction
You have to realize that Dana personally owns several of the high dollar cars. I think he is presenting and no saleing them to establish high prices. I have records of him hammering sold the same vehicle at five auctions in a row. He "sold" the same Boss 429 Mustang that he owned at least four times before it finally changed hands. These facts are verified by VIN.
When you see the ring men running around acting like apes swinging through the trees you can pretty much be assured the money is not in the roomDick WhittingtonComment
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Re: Mecum Auction
You don't really think that Mecum or Barrett Jackson would do something like that do you? I previously owned the "Black Rat" show car and didn't even know it until it showed up at auction! My Bad!
JRComment
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Re: Mecum Auction
I 100% agree with the phantom bid stories, but I'm surprised nobody has commented on the early sales. Wow - Those prices seem like bargain basement. Of course, seeing a car in person might explain it, but still.Comment
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Re: Mecum Auction
IMO, that Mecum auction showed how thin and weak the market is for anything except the best of the best. The Atzbach Collection Shelbys sold were unique, and the prices showed it, the first '65 GT350R brought astronomical money, but most of the cars showed what a buyers market it is today.Big Tanks In the High Mountains of New MexicoComment
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Re: Mecum Auction
Cars look a lot better on TV than in person. The camera doesn't pick up fading, bad bodywork, paint flaws, pitting.
And the TV coverage hardly ever mentions condition or mileage.
So those mid-year big blocks you saw may not be as nice as they looked.Mark Edmondson
Dallas, Texas
Texas Chapter
1970 Coupe, Donnybrooke Green, Light Saddle LS5 M20 A31 C60 G81 N37 N40 UA6 U79
1993 Coupe, 40th Anniversary, 6-speed, PEG 1, FX3, CD, Bronze TopComment
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Re: Mecum Auction
[QUOTE=Mark Edmondson (22468);875802]Cars look a lot better on TV than in person. The camera doesn't pick up fading, bad bodywork, paint flaws, pitting.
And the TV coverage hardly ever mentions condition or mileage.
So those mid-year big blocks you saw may not be as nice as they looked.[/QUOTE)
Actually, I did go back to the auction results to see the original pictures. The 427/390 car was S95. It looked great in the pictures, but it had a small block radiator and overflow tank. So it must have been a small block car in very good condition with a big block engine (doubt if it is 351 67 block) with a big block hood.Comment
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